Wednesday, August 11, 2010

Don't go broke trying to fix a man

Your Momma never told you...don't go broke trying to fix a man.

A friend of mine married what appeared to be a great guy. He owned his own business and made a fantastic living. The problem was he could not manage his money. He spent and spent and spent. She would go to write checks they would bounce...or go to get cash... only for the ATM to read...no funds available. Her husband would spend money like water so she never knew what was available on a day to day basis.

Eventually, they got into financial trouble because her husband had maxed out the credit cards at $15000 - $20000 a pop. Even though they were both working, they were not making enough to cover his wild spending. My friend spent hours every night going over the books...coming up with ways to make more money...she sold clothes...she got a second job...she got her real estate license and sold houses...she even gathered up change to go to Coinstar...all to get cash. She signed them up for seminars...she spent money on a financial planner....she depleted her 401 K in attempts to get him back on track. Ladies...it worked for a short while...but within six months....the credit cards were maxed out again...and again and again. Shall I say more. It got to the point she wanted to get out of the relationship...but they had so much debt together and all her savings was gone...she could not afford to leave. She had married...a money pit.

My point ladies...when you are with a financially irresponsible person...watch out. The more money you spend trying to fix a man...the more problems the man will have. The more money you pour into him...the more money he will require. It will never end. When you recognize you are with a financially irresponsible person...don't use your money to fix a broke man....because in the end...you will be the broke woman...and then who is going to help you.

Till Next Time Ladies

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